Rincon de San Lazaro Inc

Analysis

Rincon de San Lazaro Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rincon de San Lazaro Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $1.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 513%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rincon de San Lazaro Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include St Louis Jewish Light ($1.1m), Communities in Schools of Whatcom County ($1.1m) and River Road Historical Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $180k (17% of expenses). Other salaries and wages came to $287k. At year end it held assets of $6.2m against liabilities of $142k, net assets of $6.0m. It reported 16 employees.